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Pandora’s Risk: Uncertainty at the Core of Finance Page 275 (295 of 304)
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Index
actuaries, 38, 148 and, 194–95; duration mismatch and,
adjusted trading range, 134–36 56–57; economic cycles and, 188; fi scal
AIG (American International Group), 75 response per unit debt, 192–94;
Altman, Edward I., 95 introduction to, 53–54; Lotka-Volterra
American International Group (AIG), 75 model and, 188–89; narrow banking,
approximations: binomial and normal 55–56; regulating, 150–51; rise and
approximations, 110–11; fat-tailed history of, 54–55; static equilibria
approximations, 111–13; Gaussian and, 189
approximations, 111, 225–26 bank runs, 21, 62, 64
ARCH (Autoregressive Conditional bargains, 167–68
Heteroskedasticity), 138–39 barter, 15
asset valuation, 35, 174 Basel Committee on Banking
assignats, 46 Supervision, 63
Autoregressive Conditional Basel I, 2, 63, 74–75, 150–51
Heteroskedasticity (ARCH), 138–39 Basel II: banking regulation and, 63–64,
150–51; capital requirements
bad money, 22–24 estimation equation and, 195;
banking: boom and bust and, 57–60; contingent reserves and, 75; credit
breakdown and regulation in, 62–64; rating and, 98, 114, 115
contingent reserves and, 74–75; credit Basel III, 78
orbits and, 60–62, 61f, 190–92; credit Bayes, Rev. Th omas, 10
rating and, 214–15; debt-fueled growth Bayes’ Rule, 10, 71, 85, 163–64, 203–4
